1. November 17, 2022

    New practices align U-M finances with institutional values

    U-M will invest $300 million of its short-term working capital in companies with strong environmental, social and governance practices, and work closely with community banks.

  2. April 21, 2020

    Michigan Medicine issues message regarding U-M finances

    Michigan Medicine CEO Marschall Runge outlined actions the health system will take to reduce the financial impact of COVID-19. Leaders of UM-Dearborn and UM-Flint sent similar messages to their employees.

  3. April 20, 2020

    U-M imposes hiring, salary freezes in face of expected shortfall

    U-M will freeze hiring, and employees’ base salaries will not increase through the end of the 2020-21 budget year, as it works to preserve financial resources in the face of the COVID-19 pandemic.

  4. August 1, 2017

    Amy Wang named director of procurement services

    Amy Wang has been selected as the university’s new director of procurement services. Wang’s appointment will be effective Aug. 7.

  5. October 27, 2015

    University to host TSA PreCheck enrollment event next month

    The university’s Procurement Services Department is bringing the Transportation Security Administration’s PreCheck program to campus Nov. 16-20 for a special enrollment event.

  6. July 8, 2015

    New Procurement Services website enhances buying experience

    Procurement Services recently launched a new website with features intended to make purchasing easier and faster for the university community.

  7. May 7, 2015

    PNC Bank is U-M’s new official consumer bank

    PNC Bank has been chosen as the university’s new official consumer bank, effective May 1, and will sponsor the university’s Mcard program.

  8. March 31, 2015

    New federal rules coming for research project funding

    U-M has begun to implement new federal regulations for the oversight of federally funded research projects.

  9. January 9, 2015

    New Procurement SPG offers more flexibility and protection

    A new Standard Practice Guide on university procurement includes an increased bid limit, a defined signature authority system, and measures to manage institutional risk.

  10. October 16, 2014

    Campaign, investments help put U-M in strong financial position

    A strong start to the Victors for Michigan fundraising campaign and overall investment returns of more than 18 percent helped put U-M in a strong financial position for the 2014 fiscal year.